Richard Snow (Trades, Portfolio)’s top six transactions of the second quarter spanned a variety of investments, but his most noteworthy involved a casual clothing retailer.
In the guru’s largest transaction of the quarter, Snow reduced his position in Abercrombie & Fitch Co. (ANF, Financial), an Ohio-based retailer, by more than 88% with the sale of 1,743,722 shares for an average price of $23.96 per share. The deal had a -2.43% impact on Snow’s portfolio.
Snow has 236,665 company shares remaining in his portfolio.
Abercrombie & Fitch’s leading shareholder among the gurus is Jim Simons (Trades, Portfolio) with a stake of 1,427,100 shares. The stake is 2.11% of the company’s outstanding shares and 0.09% of Simons’ total assets.
Abercrombie & Fitch has a price-earnings (P/E) ratio of 26.4, a forward P/E of 24.8, a price-book (P/B) ratio of 1.2 and a price-sales (P/S) ratio of 0.4. GuruFocus gives Abercrombie & Fitch a Financial Strength rating of 7/10 and a Profitability & Growth rating of 6/10 with return on equity (ROE) of 4.63% that is lower than 56% of the companies in the Global Apparel Stores industry and return on assets (ROA) of 2.45% that is lower than 52% of the companies in that industry.
Abercrombie & Fitch sold for $21.9 per share at market close Friday. The DCF Calculator gives Abercrombie & Fitch a fair value of $8.88.
Snow’s second-largest deal of the quarter was the sale of his 1,251,203-share stake in Halliburton Co. (HAL, Financial), a Houston-based oilfield services company, for an average price of $41.05 per share. The divestiture had a -1.97% impact on Snow’s portfolio.
Halliburton’s leading shareholder among the gurus is Bill Nygren (Trades, Portfolio) with a stake of 6,601,000 shares. The stake is 0.77% of Halliburton’s outstanding shares and 1.59% of Nygren’s total assets.
Halliburton has a P/B of 3.9 and a P/S of 2. GuruFocus gives Halliburton a Financial Strength rating of 4/10 and a Profitability and Growth rating of 5/10 with ROE of -41.44% that is lower than 84% of the companies in the Global Oil & Gas Equipment & Services industry and ROA of -17.88% that is lower than 80% of the companies in that industry.
Halliburton sold for $43.84 per share Friday. The DCF Calculator gives Halliburton a fair value of $-70.95.
The guru’s third-largest transaction of the quarter was the sale of his 850,547-share position in AGCO Corp. (AGCO, Financial), a Georgia-based agricultural equipment manufacturer, for an average price of $51.32 per share. The divestiture had a -1.87% impact on Snow’s portfolio.
AGCO’s leading shareholder among the gurus is Tweedy Browne (Trades, Portfolio) with 776,392 shares in its portfolio. The holding is 0.96% of the company’s outstanding shares and 1.03% of the guru’s total assets.
AGCO has a P/E of 21.4, a forward P/E of 21.3, a P/B of 1.3 and a P/S of 0.6. GuruFocus gives AGCO a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10 with ROE of 6.36% that is higher than 71% of the companies in the Global Farm & Construction Equipment industry and ROA of 2.67% that is higher than 65% of the companies in that industry.
AGCO sold for $47.15 per share Friday. The DCF Calculator gives AGCO a fair value of $23.54.
Snow invested in 282,994 shares in Zimmer Biomet Holdings Inc. (ZBH, Financial), an Indiana-based medical device company, for an average price of $116.42 per share. The purchase had a 1.6% impact on Snow’s portfolio.
HOTCHKIS & WILEY is Zimmer Biomet’s leading shareholder among the gurus with a stake of 1,502,959 shares. The stake is 0.75% of Zimmer Biomet’s outstanding shares and 0.77% of the guru’s total assets.
Zimmer Biomet has a P/E of 114.5, a forward P/E of 16.3, a P/B of 2.7 and a P/S of 3.4. GuruFocus gives Zimmer Biomet a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10 with ROE of 2.27% that is higher than 51% of the companies in the Global Medical Devices industry and ROA of 0.84% that is higher than 54% of the companies in that industry.
Zimmer Biomet sold for $129.34 per share Friday. The DCF Calculator gives Zimmer Biomet a fair value of $12.09.
Snow added 119,760 shares to his position in Biogen Inc. (BIIB, Financial), a Massachusetts-based biotechnology company, for an average price of $263.49 per share. The purchase raised Snow’s position to 211,561 shares, an increase of more than 130%. The transaction had a 1.36% impact on Snow’s portfolio.
Biogen’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 16,024,861 shares. The stake is 7.31% of Biogen’s outstanding shares and 4.13% of PRIMECAP’s total assets.
Biogen has a P/E of 18.4, a forward P/E of 16.3, a P/B of 6 and a P/S of 6.3. GuruFocus gives Biogen a Financial Strength rating of 6/10 and a Profitability and Growth rating of 9/10 with ROE of 35.19% that is higher than 97% of the companies in the Global Biotechnology industry and ROA of 19.25% that is higher than 96% of the companies in that industry.
Biogen sold for $313.94 per share Friday. The DCF Calculator gives Biogen a fair value of $487.95 with a 36% margin of safety.
Snow bought 1,996,497 shares of Southwestern Energy Co. (SWN, Financial), a Houston-based oil and natural gas company, for an average price of $12.06 per share. The acquisition increased his stake by more than 127%, giving him a total of 3,567,492 shares. The deal had a 1.18% impact on Snow’s portfolio.
Andreas Halvorsen (Trades, Portfolio) is Southwestern Energy’s leading shareholder among the gurus with a stake of 37,664,133 shares. The stake is 7.63% of Southwestern Energy’s outstanding shares and 1.34% of Halvorsen’s total assets.
Southwestern Energy has a forward P/E of 192.3, a P/B of 9.5 and a P/S of 2.1. GuruFocus gives Southwestern Energy a Financial Strength rating of 2/10 and a Profitability and Growth rating of 6/10 with ROE of -193.72% that is lower than 91% of the companies in the Global Oil & Gas E&P industry and ROA of -57.75% that is lower than 83% of the companies in that industry.
Southwestern Energy sold for $13.86 per share Friday. The DCF Calculator gives Southwestern Energy a fair value of $-159.03.
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